Financial Results for the Fiscal
Year Ended March 2023
Presentation Material

May 25,2023

TSE Prime Market
Securities code: 5715

1

Financial Results for the FY2022 (Consolidated) &Financial Forecasts for the FY2023 (Consolidated)【Financial Results】
VS FY2021
Difference

FY2023(Forecast)

VS FY2022
Difference

FY2020

FY2021

FY2022

159,702

199,097

214,190

15,093

184,500(-)29,690

5,592

7,734

9,031

1,297

9,200

168

3.5

3.9

4.2

0.3

5.0

0.8

6,773

8,996

9,348

351

9,200

(-)148

Profit attributable too w n e r s
o f p a r e n t

M il l ion
Y e n
M il l ion
Y e n

7,468

6,477

6,211

(-)26615,3009,088

Annual dividends

Y e n

50

50

50

N e t

s a l e s

Operating profit

M il l ion
Y e n
M il l ion
Y e n

Operating margin
Ordinary profit%－*FY2023 (forecast) figure disclosed on May 12, 2023 was revised by the disclosure “Notice Concerning Revisions
to Financial Results Forecasts for the Fiscal Year Ending March 31, 2023.” on May 29, 2023.

【Financial Conditions】

50－

300,000

20,000Net sales(Million Yen)
Operating profit(Million Yen)
250,000

214,190

15,000199,097

Difference

184,500

200,000

FY2021

FY2022229,727

232,745

3,017

150,000

100,075

106,050

5,975

100,000

42.3

44.2

1.9

50,0002,505.01

2,700.87

195.86

0

159,702

T o t a l

a s s e t s

N e t

a s s e t s

Capital adequacy
R
a
t
i
o
N e t
a s s e t sP e rs h a r eR

OE

MillionYenMillion
Y
e
n

9,031

9,200

7,734

10,000

5,592
5,000

%
Y

e

n

0
FY2020

%

6.9

6.2

General note: In this document, we describe “FY202x” as the year starting April 1, 202x, and ending March 31 in the following year.

(-)0.7

FY2021

FY2022

FY2023(Forecast)2Consolidated Income Statement(Unit: Million yen)

FY2021
Net sales
Cost of sales(Gross profit)
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Other
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method
Administrative expenses of inactive mountain
Other
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on bargain purchase
Other
Extraordinary losses
Loss on sale and retirement of non-current assets
Impairment losses
Loss on liquidation of subsidiaries
Demolition expenses of a rental building
Other
Profit before income taxes
Income taxes – current
Income taxes – deferred
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

FY2022Difference

199,097
172,995
26,101
18,366
7,734
3,044
752
370
677
1,244
1,782
427
812
543
8,996
1,113
76
92
833
111
972
157
11
668
135
9,137
2,715
(-)264
6,686
208

214,190
185,575
28,615
19,583
9,031
3,146
847
1,462
836
2,829
501
860
814
654
9,348
410
47
362
0
1,252
302
133
324
470
19
8,506
2,811
(-)762
6,457
245

15,093
12,579
2,513
1,216
1,297
101
95
(-)370785(-)408
1,047
73
860
2
110
351
(-)703(-)28
269(-)833(-)111
279
145
122
324
(-)197(-)115(-)63096(-)497(-)229
36

6,477

6,211

(-)266

Recorded a foreign exchange gain from thedepreciation of the yen.

Recorded an investment loss due todeterioration in business performance, etc.
of Hibi Kyodo Smelting Co., Ltd., an equity
method affiliate.

Recorded gain on bargain purchase due tostock acquisition of Yamaishi Metal Co., Ltd.,in the previous year.
Expenses associated with the settlement of
two overseas sales subsidiaries in Panama
and China in the Rock Drill segment.

Expenses corresponding to the progress ofdemolition work on the Furukawa Osaka
Buildings.

3

Consolidated Balance Sheet
Consolidated Balance Sheet(Unit: Million yen)

FY2021

FY2022Difference

Increasing in notes and accounts receivable–trade and contract assets etc.

AssetsCurrent assets
Non-current assets
Property, plant and equipment
Intangible assets

Investments and other assets
Total assets

96,238133,489
90,976376
42,13699,882
132,862
90,981
317
41,5633,644(-)626
5(-)58(-)573229,727

232,745

3,017

Liabilities
Current liabilities

59,85969,793

63,111
63,583

3,252(-)6,209

129,652

126,695(-)2,957

80,57028,2082
54,557(-)2,197

83,971
28,2082
58,847(-)3,086

3,401
4,290
(-)888

16,683
2,821

18,974
3,103

2,291
282

Total net assets

100,075

106,050

5,975

Total liabilities and net assets

229,727

232,745

3,017

Non-current liabilities
Total liabilities

Decreasing in proceeds from sale of investment securities

Interest-bearing debt

(Unit: Million yen)
FY2021

Short-termLong-term
Total

8,331
57,33965,671

FY2022Difference

7,449
55,39962,848(-)882(-)1,939(-)2,822

Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Accumulated othercomprehensive income
Non-controlling interests

Consolidated Cash Flow

(Unit: Million yen)
FY2021

FY2022Difference

Cash flows from financing activities

8,768(-)5,857(-)6,568

6,148(-)1,617(-)5,934(-)2,620
4,239
633

Cash and cash equivalents

14,46813,606(-)862

Cash flows from operating activities
Cash flows from investing activities

4

Financial Results by Segment (Consolidated)（Unit：Million yen）
Net sales

FY2021

Machinery

Industrial
Rock Drill
UNIC
Materials
MetalsElectronics
Chemicals
Real Estate
Other
Total
Operate profit
Machinery
Industrial
Rock Drill
UNIC
Materials
MetalsElectronics
Chemicals
Real Estate
Other
Adjustment
Total

76,93817,72330,91028,305
118,163
102,995
7,271
7,896
2,115
1,879
199,097
FY2021
4,679
1,396
1,117
2,165
2,349
940
666
743
743
17
(-)54
7,734

FY202281,658
17,94335,752
27,961
126,804
111,424
6,926
8,454
2,056
3,671
214,190
FY2022
6,093
1,515
3,030
1,547
2,309
1,276
500
532
835
(-)133(-)73
9,031

Difference
4,719
220
4,841
(-)3438,640
8,429(-)345
557
(-)58
1,791
15,093Difference
1,414
118
1,913
(-)617(-)40
336(-)165(-)21092(-)150(-)18
1,297

FY2023(Forecast)
87,00018,50036,00032,50091,60074,800
7,700
9,100
1,700
4,200
184,500

VS FY2022
Difference
5,341
556
247
4,538
(-)35,204(-)36,624773
645(-)356528(-)29,690

FY2023(Forecast)
7,400
1,500
3,100
2,800
1,600
500
400
700
400
(-)150(-)50
9,200

VS FY2022
Difference
1,306
(-)15
69
1,252
(-)709(-)776(-)100167(-)435
(-)16
23
168

FY2022Comparison to theprevious fiscal year

JPY rate per US$

135.5 ¥/$

23.1 ¥/$LME copper price

8,551 $/ton(-)1,140 $/ton

FY2022(Forecast)
135.0 ¥/$(-)0.5 ¥/$

8,000 $/ton(-)551 $/ton

JPY rate per US$
LME copper priceComparison to theprevious fiscal year

Regard to exchange rate sensitivity
Operating income increase annually about¥100 million due to ¥1 week to US dollar.
- Increase about ¥60 million in Machinery
business (mainly Rock Drill)- Increase about ¥40 million in Metals segment

5Increase/Decrease in Earnings by Segment (Consolidated)
Billion yen+8.4billion(-)36.6billion+0.2billion

214.1billion+0.5billion+4.8billion
199.0billion+4.5billion+0.7billion+0.6billion

Details about Industrial Machinery
segment, Rock Drill segment, UNIC
184.5billion+0.1billion

FY2023
Forecast

ChemicalsElectronics

MetalsUNIC

Rock Drill

Industrial

Real Estate, Other

ChemicalsElectronics

MetalsUNIC

Rock Drill

Industrial

FY2021 Results(-)0.3billion+0.2billion+0.5billion

FY2022 Results+1.7billion(-)0.3billion

Real Estate, Other

Net sales

Billion yen

segment, Metals segment,
Electronics segment and Chemicals
segment are explained in thefollowing pages.

Real Estate business
For FY2023 forecast, decrease in

Operating profit

sales and profit is expected due to a
+1.2billion+1.9billion(-)0.1billion+0.0billion

9.0billion

decline in floor space occupied by+0.1billion(-)0.7billion(-)0.4billion

Real Estate, Other

ChemicalsElectronics

MetalsUNIC

Rock Drill

Industrial

Real Estate, OtherFY2022 Results(-)0.0billion

9.2billion

FY2023 Forecast(-)0.0billion

ChemicalsElectronics

Rock Drill

Metals(-)0.1billion+0.1billion

Industrial

FY2021 Results(-)0.6billion

UNIC

7.7billion(-)0.2billion+0.3billion

office tenants and lower unit rent

prices of Muromachi Furukawa
Mitsui Building (commercial name:
COREDO Muromachi 2), our main
facility.

6

Results by Segment (Industrial Machinery Segment)- Main factor of FY2022 results[Net sales]

Net sales (Unit: Million yen)+0.5 billion- Sales of pump plants, environmental products, and bridge structures increased, while those of material machinery decreased.
- Regarding large-scale projects, we recorded sales corresponding to progress, but overall sales declined due to thepostponement of various projects.

+0.2 billion

17,723

17,943

FY2021

FY2022

18,500[Operating profit]- Increase due to increase in sales of environmental products, etc.

FY2023(Forecast)

FY2022
Order backlog

Difference¥14.2 billion

Operating profit (Unit: Million yen)(-)0.0 billion+0.1 billion- Main factor of FY2023 forecasts[Net sales]
1,396

1,515

1,500

¥4.8 billion[Fluid equipment]
Morigasaki Water Reclamation Center, etc.
[Material machinery]
Crusher plant for Nippon Steel Slag Products, new quarry plantfor Ryukyu Cement, etc.
[Bridges]
Construction of Shimizu IC third viaduct, construction of Takasu
1st bridge and other two bridges, etc.
[Belt conveyors]
Concrete transport equipment for dam construction, earth andsand transport equipment for tunnel excavation, etc.

- Increase in sales underpinned by higher sales of pumps and material machinery to meet replacement demand for aging
facilities, as well as higher sales of bridge structures.

[Operating profit]
FY2021

FY2022

FY2023(Forecast)- Remain mostly unchanged overall due to a decrease in sales of environmental products.

- Ref: Features, destinations, market share, etc. of the main products
Pumps
Material machinery[Features][Destinations]

Pumps products superior in the durability
and abrasion resistance which was
amassed through mine development.
shield tunnel construction sites,
sewage treatment plants, etc.

[Features]Supports section plants including
machine manufacturing and sales.

[Features][Destinations]

Quarries, limestone mines, steel
works, etc.

[Destinations][Attention][Market share][Market share]
Sewage Pumps

Slurry Pumps

Infrastructure division

Crushers

Comprehensive capability to undertake all
the processes from the design ofconstruction work to its execution.

New construction of steel bridges,
Construction of conveying earth andsand, etc.
Belt conveyors attract attention whichinstead of dump trucks to transport
earth and sand.
Inquiries are increasing.

7

Results by Segment (Rock Drill Segment)（単位：百万円）
Net 売上高
sales (Unit:
Million yen)+0.2 billion+4.8 billion

35,75236,00030,910[Operating profit]- Increase profit due to higher sales.

FY2021

FY2022

FY2023(Forecast)

営業利益profit（単位：百万円）
Operating(Unit: Million yen)(-)0.0 billion+1.9 billion
3,030- Main factor of FY2023 forecasts[Net sales] Japan ¥14.0 billion, overseas: ¥22.0 billion- Decrease in sales related to tunnel drill jumbos due mainly to delays in the construction of the Linear Chuo Shinkansen.
However, increase in sales mainly due to develop the market for large machinery in North America, and strong orders
for hydraulic crawler drills in Southeast Asia.

3,100[Operating profit]- Profit to remain mostly unchanged compared with FY2022 under review, when the weak yen had a positive impact onrevenue.

1,117
FY2021- Main factor of FY2022 results[Net sales] Japan ¥14.1 billion, Overseas ¥21.5 billion- Increase in sales both of Japan and overseas. (Japan: +¥0.9 billion, overseas: +¥3.9 billion)- In Japan, increase in sales due to higher growth in shipments of large models of hydraulic breakers, a shift to highly
functional models of tunnel drill jumbos, an increase in shipments of ancillary parts and other factors.
- Overseas, increase in sales mainly due to higher shipments of hydraulic breakers, hydraulic crawler drills, and ancillaryparts to North America, as well as the positive impact of the weak yen on revenue.

FY2022

FY2023(Forecast)- Ref: Features, destinations, market share, etc. of the main products
Hydraulic breakers
Hydraulic crawler drills[Features][Destinations]

Wide range of models from small tosuper large size.
High-quality and high-striking power.
Strip mine such as quarries, etc.
Civil engineering work and atconstruction sites, etc.

[Features]

Accurate and speedy drilling technology
suitable for the rock conditions.

[Features]

Many proven results in mountaintunnel and large tunnel constructions.

[Destinations]

Strip mine such as limestone mines, etc.
Infrastructure work in overseas, etc.

[Destinations]

Mountain tunnel construction sites,
Dam headrace construction sites, etc.

[Market share][Market share][Market share]
Hydraulic breakers

Tunnel drill jumbos

Hydraulic crawler drills

Tunnel drill jumbos

8Results by Segment (UNIC Segment)（単位：百万円）
Net 売上高
sales (Unit:
Million yen)

+4.5 billion(-)0.3 billion
32,50028,30527,961

FY2022

FY2021

FY2023(Forecast)- Main factor of FY2022 results[Net sales] Japan ¥20.0 billion, Overseas ¥7.8 billion- Decrease in sales in Japan, increase in sales in overseas. (Japan: (-)¥2.0 billion, overseas: +¥1.6 billon)- In Japan, decrease in sales mainly due to delays in crane installations stemming from delays and cutbacks in truck
production, etc.
- Overseas, increases in sales thanks to higher shipments of mini-crawler cranes in Europe and the United States
and UNIC cranes in Southeast Asia, Oceania, and the Middle East.
[Operating profit]- Decrease in profit due to a deteriorating cost ratio caused by price hikes of steel and other raw materials, thoughprofit increased for overseas due to higher sales.

営業利益profit（単位：百万円）
Operating(Unit: Million yen)
+1.2 billion- Main factor of FY2023 forecasts[Net sales] Japan ¥24.5 billion, overseas ¥8.0 billion- Significant increase in sales in Japan, where recovering from truck production.

(-)0.6 billion

2,800[Operating profit]- Increase profit due to higher sales.

2,165
1,547

FY2021

FY2022

FY2023(Forecast)- Ref: Features, destinations, market share, etc. of the main products
UNIC cranes
Mini-crawler cranes[Features][Destinations]

Wide range of models such as various
boom lengths etc. which correspond to
customer needs.
Construction and civil engineeringsites, material handling, rental
companies, etc.

[Features]Show the power in narrow ground,rough ground and indoor worksites.

[Features][Destinations]

Narrow or rough ground, Indoor
worksites, rental companies, etc.

[Destinations]

Car dealer, transportation company,
road construction company, etc.

[Market share][Market share]
UNIC cranes

UNIC carriers
Wide range of models such as cartransporter type, heavy machinetransporter type, etc.

[Market share]
Mini-crawler cranes

UNIC carriers

9Results by Segment (Metals Segment)（単位：百万円）
Net 売上高
sales (Unit:
Million yen)

+8.4 billion(-)36.6 billion[Operating profit]- Increase in profit due to the greater price margin impacted by the metal price fluctuations.

111,424

102,995- Main factor of FY2022 results[Net sales]- Despite a decline in the sales volume of electrolytic copper, we achieved an increase in sales that was helped by a rise in thesales volume of electrolytic gold coupled with the weaker yen.
Copper +¥1.4 billion (Volume (-)¥3.6 billion, unit price +¥5.1 billion)
Gold +¥6.9 billion (Volume +¥3.6 billion, unit price +¥3.2 billion)

74,800
FY2021

FY2022

FY2023(Forecast)

営業利益profit（単位：百万円）
Operating(Unit: Million yen)
+0.3 billion(-)0.7 billion
1,276
940
500
FY2021

FY2022

FY2023(Forecast)- Ref: Features, destinations, market share, etc.
of the main productsElectrolytic copper[Features]

It has been responsible for supplying electrolytic
copper since founding, and produce approx.
46,000 tons a year.
Electric wires, copper elongation products, home

[Destinations] appliances, communication equipment,
automobiles, etc.

[FY2023]

Termination of entrusted copper smelting agreementwith Onahama Smelting and Refining Co., Ltd. andclear outlook on fundamentally review entrusted
smelting business. Drastically cut unprofitable export.

FY2022

Profit/loss from metal price fluctuations in the Metals segment

Difference

FY2022Difference

JPY rateper US$

135.5Yen/$

Operating profit¥1.27 billion¥330 million

LME copper
price8,551＄/ton (-)1,140＄/ton

Include priceeffect¥1.18 billion(-)¥330 million

Copper(¥70 million) ((-)¥1.10 billion)

Gold(¥1.02 billion)(¥750 million)

FY2023(Forecast)
JPY rateper US$LME copper
price

23.1Yen/$VS FY2022
Difference

135.0Yen/$(-)0.5Yen/$

8,000＄/ton

551＄/ton- Main factor of FY2023 forecasts[Net sales]- Decrease in sales due mainly to lower sales volume of electrolytic copper ((-)21,594ton) stemming from the termination of ourcopper smelting contract with Onahama Smelting and Refining Co., Ltd.
Copper (-)¥27.3 billion (Volume (-)¥23.3 billion, unit price (-)¥4.0 billion)
Gold (-)¥8.4 billion (Volume (-)¥7.8 billion, unit price (-)¥0.6 billion)[Operating profit]- Despite an expected improvement in the profit/loss position of our entrusted business, decrease in profit due to the absence ofbenefits from copper price margin profit.
(-)¥0.7 billion (Profit/loss position of entrusted copper smelting +¥0.7 billion, copper price margin profit (-)¥1.5 billion)- Entrusted copper smelting profit is expected to be improved from ¥90 million in FY2022 to FY2023 forecast ¥500 million(excluding metal price fluctuations) .

10Results by Segment (Electronics Segment)（単位：百万円）
Net 売上高
sales (Unit:
Million yen)+0.7 billion(-)0.3 billion

7,271

FY2021- Main factor of FY2022 results[Net sales]- Sales of high-purity metallic arsenic decreased as the market for compound entered an inventory adjustment phase.
- Sales of aluminum nitride ceramics increased due to firm demand for their application in thermal management
components and semiconductor manufacturing equipment components.
7,700

6,926

FY2023(Forecast)

FY2022

営業利益profit（単位：百万円）
Operating(Unit: Million yen)(-)0.1 billion(-)0.1 billion
666

500

FY2021[Operating profit]- Decreased due to lower sales of high-purity metallic arsenic etc.

FY2022400- Main factor of FY2023 forecasts[Net sales]- Demand for high-purity metallic arsenic to recover from the second half of the year or later. Nevertheless, increase insales of aluminum nitride ceramics, which will benefit from capital investments aimed at boosting production
capacity, as well as higher sales of coils on the back of a recovering automobile market.
[Operating profit]- Decrease in profit due to soaring electricity and raw material prices.

FY2023(Forecast)- Ref: Features, destinations, market share, etc. of the main products
High-purity metallic arsenic

Aluminum nitride ceramics[Features]

we have been mass-producing the world's purest high-purity metalarsenide at 99.999995% (7N5). We also boast the global top share.

[Features]

The heat-dissipating materials, high thermal conductivity, insulation, heat
uniformity, corrosion resistance, was made by our proprietary technologies
such as molding, sintering and processing.

[Destinations]PC, smartphones, infrared luminous parts, red LD and LEDs, etc.

[Destinations]

Semiconductor manufacturing equipment components, high-power LEDs,
resin-based heat-dissipation sheets, etc.
Awareness as an excellent heat-dissipating materials is spreading, and[Market share][Full production] full production continues due to growing demand. We invested inincreased production.
High-purity metallic arsenic

11

Results by Segment (Chemicals Segment)（単位：百万円）
Net 売上高
sales (Unit:
Million yen)

+0.6 billion+0.5 billion

7,896

FY2021- Main factor of FY2022 results[Net sales]- Sales of cupric oxide decreased due to a decline in demand related to PCs and lower sales volumes.
- Sales of cuprous oxide increase on the back of a recovery in demand for ship bottom paints as wellas higher copper prices and other factor.
9,100

8,454

FY2022[Operating profit]- Declined in profit due to soaring raw material costs and other factors.
FY2023(Forecast)

営業利益profit（単位：百万円）
Operating(Unit: Million yen)(-)0.2 billion- Main factor of FY2023 forecasts[Net sales]- Increase in sales due partly to higher sales of cupric oxide which is attracting strong demand.

+0.1 billion

743[Operating profit]- Increase in profit due to higher sales.

700
532

FY2021

FY2022

FY2023(Forecast)- Ref: Features, destinations, market share, etc. of the main products
Cuprous oxide
Cupric oxide[Features]

Antifoulant for ship-bottom paints toprevent barnacle build-up.

[Features]High precision plating raw materials
used for oxidation catalysts or printed
circuit boards such as PC, etc.

[Destinations]Ship-bottom paints manufacturer.

[Destinations]

Packaged boards (for PC and server
processors), etc.

Sulfuric acid[Features]

Uses the sulfur roasting method to produce
sulfuric acid with very little impurity, andcan be used as a food additive.

[Destinations]

Manufacturer such as chemicals, electronic
devices, steel, food processing, etc.

[Basic material]

Demand is always stable as an indispensable
basic material for each industry.

Expected increased demand for package[Market share][Full production] boards due to the miniaturization and highCuprous oxide

performance of electronic materials.
Plan to increase the production capacity of
our existing facilities.

12

(Ref) State of Capital Investment, Depreciation and Amortization,
Research and Development Expenses(Consolidated)[State of Capital Investment (Consolidated)]
Capital Investment

FY2020

FY2021(Unit: Million yen)
FY2022

FY2023(Forecast)

Machinery

2,637

2,669

2,125

4,600

Industrial

1,253

1,703

912

2,600

Rock Drill

437

247

708

1,100

UNIC

946

718

504

900

Materials

827

696

1,571

2,500

Other

679

1,413

489

800

Total

4,144

4,778

4,187

7,900

[State of Depreciation and Amortization (Consolidated)]
Depreciation and amortization

3,879

4,003

4,114

4,300

Increased due to construction of anew office building at Oyama Works,
etc.
Increase due to the establishment of
new medical waste disposal facilities(Expansion of incinerator, Total
approx. ¥2.8 billion from FY2022 to
FY2023) at Gunma Kankyo Recycle
Center Co., Ltd., etc.

Increase due to the establishment ofaluminum nitride ceramics
production equipment (Total approx.
¥10 billion) in the Electronics
segment, etc.
Renewal of sulfuric acidmanufacturing equipment in theChemicals segment, etc.
Acquisition of buildings in the Real
Estate business, etc.
Head Office relocation work costs in
the Other, etc.

13

References【State of Metal Products, Foreign Exchange Rate (Consolidated)】
FY2020Overseas market
price of copper(Average)

FY2021

FY2023(Forecast)

FY2022¢/pound

312.0

439.6

387.9

362.9

$/ton

6,879

9,691

8,551

8,000

JPY rate per US$ (Average)

106.06112.38135.47135.00

Production and marketing of
Furukawa Metals & Resources Co., Ltd.

FY2020

FY2021

FY2023(Forecast)

FY2022

Copper production (t)74,386

71,14970,186

48,592

Copper sale volume (t)81,99877,402

74,07054,171<About copper production>- Production volume is expected to decrease significantly due to terminated entrusted smelting
contract with Onahama Smelting and Refining Co., Ltd. on March 31, 2023.
Going forward, it will be produced only by Hibi Kyodo Smelting Co., Ltd. ,which is another contractor.

【State of Employee (Consolidated)】

Number of consolidated employee (Persons)

End of Mar. 2021

End of Mar. 2022

End of Mar. 2023

vs End of Mar. 2022

2,752

2,804

2,831

27

14

References[Consolidated Financial Results]
Net sales(Unit: Million yen)

FY2008FY2009FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023(Forecast)

161,857

142,925

165,638

157,566

165,539

163,026

172,544

161,799

149,829

167,695

174,116

165,215

159,702

199,097

214,190

184,500

Operating profit

2,303

1,597

2,821

2,154

3,363

6,886

8,925

7,988

6,545

7,820

8,915

8,693

5,592

7,734

9,031

9,200

Ordinary profit

993

111

1,231

1,268

2,763

6,150

6,603

6,227

7,202

8,105

8,235

8,135

6,773

8,996

9,348

9,200

(-)5,917

585

563(-)1,659

2,976

3,976

9,793

5,056

4,254

4,774

4,654

4,431

7,468

6,477

6,211

15,300

Profit attributable to owners of parent

Segment Performance[Net sales](Unit: Million yen)

FY2008

Machinery

FY2009FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023(Forecast)

62,63944,31347,02553,19856,852

71,11175,99072,232

66,80373,45377,58082,691

68,63576,93881,65887,000Industrial

15,836

12,783

10,655

12,94912,894

18,527

16,712

14,926

14,041

15,871

17,971

23,237

16,682

17,723

17,94318,500Rock Drill

29,427

20,38623,88024,14323,305

26,84230,91030,076

26,97930,19930,372

27,66324,14930,91035,75236,000UNIC

17,375

11,142

12,490

16,10520,651

25,741

28,36727,22925,782

27,381

29,23731,79127,80428,30527,961

32,50080,17582,12892,203

77,91788,026

90,162

93,27085,64478,96889,98792,722

79,366

88,203

118,163

126,804

91,600

Metals

68,786

71,132

79,97968,114

77,94478,68481,51374,192

67,853

77,33480,067

67,14976,094

102,995

111,424

74,800Electronics

5,568

5,969

7,147

4,615

4,987

5,381

5,743

5,477

5,816

6,307

6,527

5,506

5,741

7,271

6,926

7,700

Chemicals

5,820

5,025

5,076

5,187

5,093

6,096

6,013

5,973

5,298

6,344

6,127

6,710

6,367

7,896

8,454

9,100

Real Estate

2,386

2,043

1,577

1,233

1,058

1,013

2,535

3,045

3,074

3,338

2,999

2,386

2,107

2,115

2,056

1,700

Other

1,204

854

785

766

753

739

747

876

983

916

814

771

755

1,879

3,671

4,200

Paints (*1)

―

3,692

15,04014,874

15,078

―

―

―

―

―

―

―

―

―

―

―

Fuels (*2)

15,452

9,893

9,004

9,576

3,770

―

―

―

―

―

―

―

―

―

―

―

161,857

142,925

165,638

157,566

165,539

163,026

172,544

161,799

149,829

167,695

174,116

165,215

159,702

199,097

214,190

184,500

Materials

Total[Operating profit](Unit: Million yen)

FY2008

Machinery

FY2009FY2010FY2011FY2012FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023(Forecast)

1,733(-)3,022(-)566

1,970

2,923

5,333

6,551

5,882

3,580

5,083

6,567

7,343

3,968

4,679

6,093

7,400

Industrial

767

433

(-)29

708

778

1,851

1,711

1,037

104

1,005

2,088

3,208

2,113

1,396

1,515

1,500

Rock Drill

255(-)2,584(-)350

333

(-)67

341

1,225

2,217

897

1,782

1,689

142

(-)1,324

1,117

3,030

3,100

UNIC

710

(-)870(-)186

928

2,212

3,141

3,614

2,627

2,578

2,295

2,789

3,992

3,180

2,165

1,547

2,800

229

3,985

3,044

325

324

1,695

1,770

983

1,870

1,648

1,396

776

1,040

2,349

2,309

1,600

Metals

23

3,224

1,494

308

282

1,503

1,449

1,154

1,738

867

581

301

499

940

11,276500

Electronics

4

657

1,279

(-)234(-)262(-)12352(-)368

17

330

407

(-)35

161

666

500

400

Chemicals

201

104

269

251

304

315

267

197

114

451

406

510

380

743

532

700

706

1,128

635

356

219

(-)43

776

1,276

1,265

1,339

1,163

735

736

743

835

400

(-)304(-)376

(-)92

(-)93

(-)63

(-)60

(-)130(-)72(-)126(-)196(-)147

(-)94

(-)82

17

(-)133(-)150

Paints (*1)

―

(-)19

(-)93

(-)329

65

―

―

―

―

―

―

―

―

―

―

―

Fuels (*2)

202

(-)29

(-)56

(-)13

(-)28

―

―

―

―

―

―

―

―

―

―

―

Adjustment(-)264

(-)69

(-)49

(-)60

(-)78

(-)39

(-)42

(-)80

(-)44

(-)55

(-)64

(-)68

(-)71

(-)54

(-)73

(-)50

Total

2,303

1,597

2,821

2,154

3,363

6,886

8,925

7,988

6,545

7,820

8,915

8,693

5,592

7,734

9,031

9,200

Materials

Real Estate
Other*1 Withdrew from the Paints business by transferring shares of Tohpe Corporation in March 2013.
*2 Withdrew from the Fiels business by transferring shares of Furukawa Commerce Co., Ltd. in October 2012.
Notice: By applying "Accounting standards for disclosure of segment information, etc." (FY2012), we replace and display the figure for FY2011.

LME copper price (US$/ton)

5,864

6,101

8,139

8,485

7,855

7,104

6,554

5,215

5,154

6,444

6,341

5,860

6,879

9,691

8,551

8,000

JPY rat per US$

100.54

92.85

85.71

79.07

83.10

100.24109.93120.13108.42110.85110.91108.74106.06112.38135.47135.0015

Cautionary Notes Regarding Forward-Looking Statements
This document contains forward-looking statements including forecasts, expectations, assumptions, plans, acknowledgements and evaluations
regarding the Company and the Group. These statements are based on the information the Company has obtained as of the publication dateand on assumptions the Company believes are reasonable. The forward-looking statements in this document and their implications may differ
materially from actual results because the assumptions of the Company and the conclusions that it has reached are subjective in nature and thebusiness environment and business activities are subject to latent risks and uncertainties. Latent risks and uncertainties that may affect theCompany’s forward-looking statements are explained in, but not limited to, the Company’s Annual Securities Reports and the “Business Risks”
section of the Company’s corporate website.
Therefore, the Company does not promise or warrant the attainment of performance indicators, forecasts, or future operating results describedherein. Furthermore, the Company does not undertake any obligation to update any statements in this document after its publication,
irrespective of new information, future events or otherwise.
You are cautioned to use this document at your own discretion. The Company is not obliged to warrant the reliance, accuracy, integrity,
completeness, or timeliness of the information herein, or to bear responsibility for any damages arising as a result of using this document.
This document has been prepared solely for information purposes, for better understanding of the Company’s business policies andmanagement operations. This document is not a solicitation of investment in securities. Accordingly, you are cautioned not to place undue
reliance on this document when you make an investment decision. The Company does not bear any responsibility for your decision regarding
your investments.

16

Thank you for your understanding and continued support.

17Intentionally Blank

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